Kevin Latimer, a director in loan sales at Deutsche Bank, resigned last week to begin working for UBS Warburg's bank loan group. Latimer will also serve as a director of loan sales for UBS reporting to Brendan Dillon, managing director and head of loan sales at the firm.
Latimer had been at Deutsche Bank since early 2000 and he reported to Clay Desjardine, Deutsche Bank's head of secondary loan sales and trading. Latimer could not be reached for comment. Bankers at UBS and Deutsche Bank declined to comment. A UBS spokesman also declined to comment, while a Deutsche Bank spokesman confirmed his departure. He noted that the firm is looking to fill the vacant slot and is talking to candidates both internally and externally. There is no set date for when a decision will be made.